USD Index There is a 2nd Quarter breakout and expectation that price is continuing towards the 2010 highs and 3rd quarter highs.
Short-term has the Weekly 50% level support next week.
If that is the case and the USD Index rises this is going to put pressure back on currencies once again
AUD Quarterly and Weekly
Sell off and move down into the 3-Quarterly lows and Yearly 50% level.
This is seen as major support, however there are a number of lesser timeframe breakout patterns that can see the MAY lows resistance and the trend continues down into the Weekly lows and June lows.
Resistance:- 86.90
Euro Monthly and Weekly
Same applies on the Euro and any short-term weakness using the Weekly 50% level can push down towards 1.2248.
There are breakout patterns in MAY and the 3-Quarterly lows, therefore there is an expectation that price is moving down towards the June lows.
GBP Monthly and Weekly
Same applies on the GBP:- resistance @ 1.4581
